ETFdb Logo
ETFdb Logo
  • ETF Database
  • Channels
    • Active ETF
    • Alternatives
    • Beyond Basic Beta
    • China Insights
    • Climate Insights
    • Commodities
    • Core Strategies
    • Crypto
    • Disruptive Technology
    • Dividend
    • Dual Impact
    • Emerging Markets
    • Energy Infrastructure
    • ESG
    • ETF Building Blocks
    • ETF Education
    • ETF Strategist
    • Fixed Income
    • Free Cash Flow
    • Future ETFs
    • Global Diversification
    • Gold/Silver/Critical Minerals
    • Innovative ETFs
    • Institutional Income Strategies
    • Leveraged & Inverse
    • Managed Futures
    • Market Insights
    • Megatrends
    • Modern Alpha
    • Multi-Asset
    • Night Effect
    • Portfolio Strategies
    • Retirement Income
    • Richard Bernstein Advisors
    • Tax Efficient Income
    • Thematic Investing
    • Volatility Resource
  • Tools
    • ETF Screener
    • ETF Country Exposure Tool
    • ETF Sector Tracker Tool
    • ETF Database Categories
    • Head-To-Head ETF Comparison Tool
    • ETF Stock Exposure Tool
    • ETF Issuer Fund Flows
    • Indexes
    • Mutual Fund To ETF Converter
    • ETF Data for Journalists
    • ETF Nerds
  • Research
    • First Bitcoin ETF
    • ETF Education
    • Equity Investing
    • Dividend ETFs
    • Leveraged ETFs
    • Inverse ETFs
    • Index Education
    • Index Insights
    • Top ETF Sectors
    • Top ETF Issuers
    • Top ETF Industries
  • Webcasts
  • Themes
    • AI ETFs
    • Blockchain ETFs
    • See all Thematic Investing ETF themes
    • ESG Investing
    • Marijuana ETFs
  • Multimedia
    • ETF 360 Video Series
    • ETF Trends on Videos
    • ETF Trends on Podcasts
    • ETF Prime Podcast
  • Company
    • About Us
    • Swag Store
  • PRO
    • Pro Content
    • Pro Tools
    • Advanced
    • FAQ
    • Pricing
    • Free Sign Up
    • Login
  1. Gold Looks Shiny for 4th Quarter, Say Experts
News
Share

Gold Looks Shiny for 4th Quarter, Say Experts

Ian YoungOct 04, 2019
2019-10-04

The third quarter of 2019 saw heavy inflows into defensive sectors of the market, especially into gold and long term Treasurys, as investors sought out safe haven assets amid the economic and political turmoil abounding.

Utilities and consumer staples also continued to perform, while trade sensitive cyclical names such as metals, energy, medical materials, and retail stocks all lagged along with healthcare, which was dragged down by biotech.

Gold especially had a significant run, breaking through technical resistance levels as investors ran for cover as interest rates dropped in fixed income and stocks foundered.

“We’ve seen this trend from the beginning of the year, where the US has interest rates coming down and new interest rates are coming down across the world. And that’s not a great thing for anybody in the fixed income market. But for those looking for more defensive positioning, gold is something that has really benefited from that. You know, China trade talks, more broad uncertainty or just helping along that story,” said Will Rhind, founder and CEO of GraniteShares on CNBC.

The GraniteShares Gold Trust (BAR A-) and the SPDR Gold Shares ETF (GLD A-) are two options investors looking to use ETFs to participate in the gold market might consider.

“The more that the Fed cuts rates, the more attractive that gold as a zero yielding asset class becomes. And it’s not just gold. It’s silver. It’s other precious metals that people like the defensive properties. But if interest rates aren’t paying that much it doesn’t hurt to hold gold or silver,” said Jay Jacobs, head of research and strategy at Global X ETFs.

Tim Seymour, founder and chief investment officer of Seymour asset management agrees that gold could be a good bet going forward, although could be held up by technical factors.
“It’s interesting also. What these guys aren’t talking about is a technical argument for gold too. I mean gold took three or four years to consolidate through a level that had been major major resistance. And you can make an argument and you can look at the rest of the precious metal space. And it’s alive and well. Palladium is at all time highs. People are playing gold silverware shoes. The one caveat it is though I think is that you have this sense that we may have had that blow-off top, and I’m not necessarily making a call, in August in terms of rates were. I think it’s going to be a headwind for gold in the short term,” Seymour said.

This article originally appeared on ETFTrends.com


Content continues below advertisement

» Popular Pages

  • Tickers
  • Articles

Feb 08

Exchange and Junior Achievements Build Community

Feb 08

China's Aggressive Clean Energy Stance Sets Up This ETF

Feb 08

Earnings, the Economy, and the Market’s Reality

Feb 08

California’s Aggressive Climate Measures Puts this ETF in Play

Feb 08

As Financial Companies Embrace Blockchain, Look at BLKC

Feb 08

Get Exposure With This ETF as Industries Rely on AI

Feb 08

The 2023 Case for Diversification, China, and FLCH

Feb 08

What ESG Packaging Says About ESG Investing

Feb 08

What's Next as Crypto Takes an Early February Breather

Feb 08

Don’t Sleep on Nationwide's Risk-Managed ETFs' Yield

QQQ

Invesco QQQ Trust

SPY

SPDR S&P 500 ETF Trust

VOO

Vanguard S&P 500 ETF

VGT

Vanguard Information...

SMH

VanEck Semiconductor ETF

XLK

Technology Select Sector SPDR...

VTI

Vanguard Total Stock Market...

SOXX

iShares Semiconductor ETF

BLOK

Amplify Transformational Data...

META

Roundhill Ball Metaverse ETF


Content continues below advertisement

Loading Articles...
Help & Info
  • Contact Us
Tools
  • ETF Screener
  • ETF Analyzer
  • Mutual Fund to ETF Converter
  • Head-To-Head ETF Comparison
  • ETF Country Exposure Tool
  • ETF Stock Exposure Tool
  • ETF Performance Visualizer
  • ETF Database Model Portfolios
  • ETF Database Realtime Ratings
  • ETF Database Pro
More Tools
  • ETF Launch Center
  • Financial Advisor & RIA Center
  • ETF Database RSS Feed
Explore ETFs
  • ETF News
  • ETF Picks of the Month
  • ETF Category Reports
  • Premium Articles
  • Alphabetical Listing of ETFs
  • Best ETFs
  • Browse ETFs by ETF Database Category
  • Browse ETFs by Index
  • Browse ETFs by Issuer
  • Compare ETFs
Legal
  • Terms of Use and Privacy Policy
  • © 2023 VettaFi LLC. All rights reserved.
Follow ETF Database
Follow ETF Database

Advertisement

Is Your Portfolio Positioned With Enough Global Exposure?

ETF Education Channel

How to Allocate Commodities in Portfolios

Tom LydonApr 26, 2022
2022-04-26

A long-running debate in asset allocation circles is how much of a portfolio an investor should...

Core Strategies Channel

Why ETFs Experience Limit Up/Down Protections

Karrie GordonMay 13, 2022
2022-05-13

In a digital age where information moves in milliseconds and millions of participants can transact...

}
X